First United ( NASDAQ:FUNC ) First Quarter 2024 Results Key Financial Results Revenue: US$17.7m (down 3.4% from 1Q...
First United (FUNC) delivered earnings and revenue surprises of 10.71% and 0.77%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
First United Corporation (the "Corporation, "we", "us", and "our") (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced financial results for the three-month period ended March 31, 2024. Consolidated net income was $3.7 million for the first quarter of 2024, or $0.56 per diluted share, compared to $4.4 million, or $0.65 per diluted share, for the first quarter of 2023 and $1.8 million, or $0.26 per diluted share, for the fourth